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Research and Markets: Storage-as-a-Service Market to Grow 38% Annually Through 2019

Research and Markets: Storage-as-a-Service Market to Grow 38% Annually Through 2019 - top government contractors - best government contracting event
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Cloud securityA Research and Markets report predicts the global market for managed data storage, backup and archiving services will grow at a 37.96 percent compound annual growth rate from 2015 to 2019.

The research firm said Friday the storage-as-a-service model is designed to help organizations recover enterprise data and ensure business continuity in the event of a disaster.

STaaS providers also work with enterprise clients to archive historical business information in cloud infrastructure, according to the market report.

The report also noted that organizations’ concerns about data security are growing as cloud technologies and encryption and decryption mechanisms continue to evolve.

Key STaaS vendors profiled in the report include Amazon, AT&T, Hewlett-Packard, IBM and Microsoft.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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